December 3, 2009 – Current gold and silver prices are much higher than those at the beginning of November, and the rallying of these metals is an intensified version of a trend that began in 2001. The rising gold and silver prices are strong evidence that our economy is in a deep rut, and our leaders have been unable to formulate a viable solution for salvaging the greenback or assets that are based upon it. To learn more about the direct inverse correlation of the dollar’s value and gold prices, call our toll-free help desk or request one of our award-winning investment brochures below.
Current gold and silver prices listed on the COMEX division of the New York Mercantile Exchange (NYMEX) are always available to household and institutional investors at www.GoldPrice.net, and you will find information on silver and platinum prices at this site as well. The gold spot price at 4pm EST was $1217.90, which is a 12.18% increase in just the last 30 days. Many US economists have called for the gold spot price to rise 12-18% per year for the next three years, so it is no surprise that a monthly gain of this magnitude has influenced many investors to strengthen their position in the gold market.
Silver, although a bit more speculative than gold at the moment because of its key utilization in a number of failing industries, has risen significantly as well recently. Silver is presently trading at $19.09 per ounce, and economists like Dr. Michael Berry believe that silver could reach $35 per ounce in the current cycle.
The specialists at GoldSilver.org can provide you with the correct answer to any question you have about the gold and silver market, so give us a call or register below for your free 2010 Insider’s Guide to Gold and Silver Investing.
Senior Staff Writer – GoldSilver.org